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Author Topic: How many newbies are mining?  (Read 22500 times)
seppohovi
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June 16, 2011, 02:53:45 AM
 #161

would like to mine
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BarsMonster
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June 16, 2011, 03:02:17 AM
 #162

Started this week - at 2.7GHash/sec.
But heat problems and power overload of whole building (3 times since I started - I added like 3KW of consumption with 24/7 conditioner) makes me regret my decision a little.


Not to burst your bubble but you're probably going to regret it even more when difficulty increases today.

Nah, this is expected :-)
Power and heat problems are being tackled meanwhile, moving half computing power to my hometown in another country this weekend Grin

We love microchips. That's why we boil them in acid. http://zeptobars.ru/
Gdawg
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June 16, 2011, 04:05:05 AM
 #163

That is one way to do it. I just started too and hope to pay for my cards and maybe a little more. I was going to buy the card anyways so this is a win-win situation for me.
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June 16, 2011, 04:24:21 AM
 #164

just bought 3 x 6990's(2000 MH/s) to start mining(haven't set it up yet), I think im too late tho' I just calculated with the difficulty increase it is going to take awhile to break even on the 3 cards .... Sad plus of cause electricity costs. I would suggest to buy bitcoins instead of buying equipment for mining...

computerparts
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June 16, 2011, 04:37:06 AM
 #165

just bought 3 x 6990's(2000 MH/s) to start mining(haven't set it up yet), I think im too late tho' I just calculated with the difficulty increase it is going to take awhile to break even on the 3 cards .... Sad plus of cause electricity costs. I would suggest to buy bitcoins instead of buying equipment for mining...

That's been said for a while now but no one takes it seriously, thus the large difficulty increase.
cartwright
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June 16, 2011, 04:39:36 AM
 #166

I started mining in May.
Tim the Magician
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June 16, 2011, 04:41:19 AM
 #167

just bought 3 x 6990's(2000 MH/s) to start mining(haven't set it up yet), I think im too late tho' I just calculated with the difficulty increase it is going to take awhile to break even on the 3 cards .... Sad plus of cause electricity costs. I would suggest to buy bitcoins instead of buying equipment for mining...

That's been said for a while now but no one takes it seriously, thus the large difficulty increase.

It seems like there would be an incentive for current miners to discourage new miners in order to slow down difficulty increases so I take all the doom and gloom predictions with a grain of salt
tavi
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June 16, 2011, 05:15:34 AM
 #168

1Mh/s on a laptop in some pool didn't make me rich just yet.  Angry
I gotta start pushing "how to become rich and wealthy btc miner" seminars instead, me thinks.

I'm just a poor boy, from a poor family:
123KpsTMDNDYGBp4wgqmoLjCBW9sezvA3D
iopq
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June 16, 2011, 07:22:40 AM
 #169

Mining namecoins at 110Mhash/sec

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June 16, 2011, 07:26:34 AM
 #170

just bought 3 x 6990's(2000 MH/s) to start mining(haven't set it up yet), I think im too late tho' I just calculated with the difficulty increase it is going to take awhile to break even on the 3 cards .... Sad plus of cause electricity costs. I would suggest to buy bitcoins instead of buying equipment for mining...

That's been said for a while now but no one takes it seriously, thus the large difficulty increase.

It seems like there would be an incentive for current miners to discourage new miners in order to slow down difficulty increases so I take all the doom and gloom predictions with a grain of salt

Actually if you take it as a "Fact" you will be a lot better off... doesn't take much to find these stats out your self....

as a matter of fact you stated a "Fact" your self with the difficulty increasing, Saying that it is still making a profit for those who have already broke even with there equipment investment, but new people buying equipment... well its a fact that it wont make you quick money and should pray that the value doesn't drop. Also it has been noted many times this spike is just a bubble... at the end of the day there wont be less miners so the difficulty will stay the same or increase, but it will never drop, I don't see why current miners who have paid there investment would want to stop(decrease the difficulty) while they are still making a slight profit after power expenses. As for buying bit coins.. If your a gambler and feel lucky then go ahead and buy them, it will make your more money than mining..

shiprat
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June 16, 2011, 09:24:23 AM
 #171

I've been mining for about three weeks.
nixpins
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June 16, 2011, 09:33:13 AM
 #172

Started mining off and on about a year ago, back when CPUs were actually still useful.
Currently mining at ~300Mhash/s with a 5830, and planning on throwing together another rig soonish.

Feeling generous? 12TNW8XkHef8gxzy3nD5eeemDzE17cmPDD
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Artlav
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June 16, 2011, 09:38:49 AM
 #173

Was mining back in spring 2010, got 100 coins over a week with default CPU miner, eventually abandoned this as a waste of time...
Not the smartest decision, considering that i work at a place where i could easily get access to superclusters.
Well, you can't turn hindsight around.
Madehimself
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June 16, 2011, 10:21:31 AM
 #174

Started mining yesterday at about 720 mhs. Seems like it's going at about a little better than a coin a day when I'm pool mining. Just doing it as a hobby, I'll be happy if it pays off the 2 6970's I bought. That would be a sweet bonus.
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June 16, 2011, 12:06:23 PM
 #175

For newbies who want to mine, but don't know how to get started, I've written this guide to help you :

https://mineco.in/beginners_guide_to_pooled_bitcoin_mining

smackdaddy
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June 16, 2011, 02:29:28 PM
 #176

Good luck finding video cards in stock for reasonable prices. Smiley

clint25n
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June 16, 2011, 02:43:58 PM
 #177

Looking forward to starting. My UPS delivery cannot get here soon enough!
Currently mining at 56Mh Sad(
wyze
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June 16, 2011, 02:58:58 PM
 #178

Looking forward to starting. My UPS delivery cannot get here soon enough!
Currently mining at 56Mh Sad(

I hear you there man. I have a GTX 460 that I am getting 80Mh/s out of and a 8800 GTX that is only getting about 29Mh/s.

I ordered a 6950 for $209.99, but it wouldn't boot into Windows or Linux, I RMA'd that and it should arrive back to Newegg.com tomorrow so I am looking to get my replacement by Wednesday next week.
I also ordered a 5830 for $109.99 from Newegg.com when they were in stock, I got lucky. That one will arrive today! I am so excited. This one will replace the 8800 GTX.
I'm getting a used computer for free tomorrow from a friend that runs a computer shop which is where the 6950 will go.
I won't be replacing the GTX 460 because it is my main computer which I also use for gaming.

Then I will go from 110Mh/s combined to about 650-700Mh/s combined.
nuclearstar
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June 16, 2011, 04:34:47 PM
 #179

Ive been mining for about a week now properly.
Its kinda interesting to me and it is a safe way for me to learn a bit about market trading ect as I have always been interested in trading on the real world markets.
who knows, one day maybe I will be a stock broker Cheesy

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Yatta99
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June 16, 2011, 04:43:33 PM
 #180

Looking forward to starting. My UPS delivery cannot get here soon enough!
Currently mining at 56Mh Sad(

My UPS guy got here yesterday, but it came with bad news.

Pulled my shiny new Radeon out of the box, opened my case, and slammed that puppy home. Then I went to hook up the pci-e power to it and IT WASN'T THERE! Crappy Dell had no connection for pci-e power and I didn't think to look before hand  Angry  Found a nice replacement that will fit my box but now I need to come up with another $75 for it  Sad In the meantime I'm mining with a Nvidia 210 which is so slow that I'd probably do better mining with a slide rule  Grin

Tips for new box to: 16s14wcsNo5TcdsGLttL7B1XWiCv8E4L6A
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